Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 270 units @ $86.20 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 90 units @ $61.20 per unit 160 units @ $63.20 per unit 140 units @ $96.20 per unit 410 units 590 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 70 units from beginning inventory, 200 units from the March 5 purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific ID Gross Margin Sales Less: Cost of goods sold Gross profit Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 185 units @ $75 per unit 485 units @ $80 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 505 units @ $110 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 290 units 370 units @ $85 per unit @ $87 per unit 330 units @ $120 per unit 835 units 1,330 units For specific identification, units sold include 40 units from beginning inventory, 465 units from the March 5 purchase, 125 units from the March 18 purchase, and 205 units from the March 25 purchase. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of Units Cost per cost of Goods Available Unit for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total